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2026.05.1512:00:00UTC+00Nigeria’s Food Inflation Accelerates to 16.06% YoY in April, Up from 14.31% in March

Nigeria’s food inflation continued to accelerate in April 2026, with the year-over-year rate rising to 16.06%, according to data updated on 15 May 2026. This compares with a revised 14.31% year-over-year increase recorded in March 2026.

The figures reflect a mounting rise in food prices when measured against the same months a year earlier, underscoring increasing pressure on household purchasing power. The “actual” April reading of 16.06% indicates that food prices in April 2026 were more than 16% higher than in April 2025, while the previous 14.31% figure shows how much prices in March 2026 exceeded those in March 2025.

The pick-up from March to April highlights a worsening trend in food cost dynamics, which is closely watched by policymakers, markets, and consumers in Nigeria given its strong impact on living standards and broader inflation expectations.

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